4 ms·
It is kinda crazy. I thought Northern Virginia prices were insane so I moved. I always heard that Canadian and Australian housing was "crazy" too but only rec
by robswc 2y ago
It is kinda crazy. I thought Northern Virginia prices were insane so I moved. I always heard that Canadian and Australian housing was "crazy" too but only recently learned that it is mind-blowing crazy.
More housing will have to be built or people will have to move further from population centers. No way the average person is going to afford a $1MM house (not even large, or grand at that).
- randomdata 2y agoOr just wait. There is a lot of inventory out there now, and not much in the way of sales activity. Something has got to give and, as you point out, it isn't apt to be the buyers.
- HappySweeney 2y agoI have no actual data on this, but my feeling is that many/most owners are so overleveraged that selling would be ruinous.
- viraptor 2y agoThat is for the cities though. It's significantly lower for towns. They have their own infrastructure issues, but the option to move is still there. Seeing how hard it is to get some jobs/repairs done within a few days and based on job postings, it looks like there's work opportunity too.
- Cordiali 2y agoOverall it'd be cheaper compared to Sydney and maybe one or two other cities, but more expensive than the rest. Plus the obvious, that living in the middle of nowhere can be quite isolating.
- viraptor 2y ago"middle of nowhere" is really vague here. I'm not talking about a station in WA not accessible in the wet season. There's a good number of 30k+ towns around VIC/NSW where you can find lots of social contact.